Amit deposited a sum of 50000 in a bank for 2 years compounded half yearly at 10% per annum.find the compound interest he gets.
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4
P= Rs 50000
rate of interest per annum=10%
rate of interest for half yearly (r)=1/2×10%=0.5×10%=5%
time=2
n=4
a=p(1+r/100)^h
a=50000(1+5/100)^4
a=50000(20+5/20)^4
a=5×24414
a=12207
compound amount=Rs12207
compound interest=A-P=122070-50000=72070
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Answer:
bhai tere uid de
Step-by-step explanation:
MERI ID KA NAME NAYEN-8T5 HAI
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